3706 Cove View Lane
About This Property
This brand new luxury home doubles as a smart investment! This brand new 5 BD/5 BA, 3,500+ sq ft, mountain chalet marries modern touches and rustic charm. Nestled in beautiful Wears Valley, overlooking the Smoky Mountains, this retreat has unmatched views of the Smokies which you can take in from the expansive deck areas that are comfortably furnished! Relax and enjoy the views from the custom-built Pergola with one-of-a-kind gas fire pit and seating area, or the 16-foot year-round use recessed swim spa that reaches hot tub temperatures! Cozy up next to one of the many fireplaces, your options are an exterior ventless gas fireplace and two interior electric fireplaces - all with stacked stone from floor to ceiling. This property would make an excellent overnight rental, permanent residence, or second home. The main level of this immaculate cabin features a large great room, complete with an open living room featuring a fireplace, and dining area. You'll find a full kitchen with granite countertops, as well as a private master bedroom along with a private master bath and closet. The spacious upper level provides 2 additional bedrooms, each with their own private bathroom and closet space, along with an open den area that includes a fireplace. The lower level has a large recreation room, private theater/media room, and 2 additional bedrooms. No expense was spared in the interior furnishings and decoration, every space is both stylish and welcoming. This home offers custom cabinetry in the kitchen, bar, and bathrooms, along with floor to ceiling tiled showers. The interior blends materials from both rustic and modern pallets creating a beautiful esthetic. Its prime location puts you near attractions like the National Park, downtown Pigeon Forge, Dollywood, Townsend, and easy scenic access to McGee Tyson Airport in Knoxville. Come check it out!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 9, 2024 | Sold | ||
| Sold | |||
| Mar 27, 2024 | Listed by Century 21 Legacy GP | $1,224,999 | |
| Listed by Century 21 Legacy GP | |||
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BIG REDUCTION**Rental projections of $150,000-165,000!!
This brand new luxury home doubles as a smart investment! This brand new 5 BD/5 BA, 3,500+ sq ft, mountain chalet marries modern touches and rustic charm. Nestled in beautiful Wears Valley, overlooking the Smoky Mountains, this retreat has unmatched views of the Smokies which you can take in from the expansive deck areas that are comfortably furnished! Relax and enjoy the views from the custom-built Pergola with one-of-a-kind gas fire pit and seating area, or the 16-foot year-round use recessed swim spa that reaches hot tub temperatures! Cozy up next to one of the many fireplaces, your options are an exterior ventless gas fireplace and two interior electric fireplaces - all with stacked stone from floor to ceiling. This property would make an excellent overnight rental, permanent residence, or second home. The main level of this immaculate cabin features a large great room, complete with an open living room featuring a fireplace, and dining area. You'll find a full kitchen with granite countertops, as well as a private master bedroom along with a private master bath and closet. The spacious upper level provides 2 additional bedrooms, each with their own private bathroom and closet space, along with an open den area that includes a fireplace. The lower level has a large recreation room, private theater/media room, and 2 additional bedrooms. No expense was spared in the interior furnishings and decoration, every space is both stylish and welcoming. This home offers custom cabinetry in the kitchen, bar, and bathrooms, along with floor to ceiling tiled showers. The interior blends materials from both rustic and modern pallets creating a beautiful esthetic. Its prime location puts you near attractions like the National Park, downtown Pigeon Forge, Dollywood, Townsend, and easy scenic access to McGee Tyson Airport in Knoxville. Come check it out!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017